BARINGS BDC (NYSE:BBDC) Earns Hold (C+) Rating from Weiss Ratings

BARINGS BDC (NYSE:BBDC)‘s stock had its “hold (c+)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

BARINGS BDC Price Performance

Shares of NYSE BBDC opened at $8.48 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. BARINGS BDC has a twelve month low of $7.66 and a twelve month high of $10.85. The stock has a 50 day moving average of $9.30 and a two-hundred day moving average of $9.13. The stock has a market cap of $891.23 million, a P/E ratio of 8.83 and a beta of 0.72.

BARINGS BDC (NYSE:BBDC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. BARINGS BDC had a return on equity of 9.76% and a net margin of 35.67%.The company had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $66.41 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, research analysts forecast that BARINGS BDC will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new position in shares of BARINGS BDC in the first quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of BARINGS BDC in the first quarter valued at approximately $37,000. BOS Asset Management LLC acquired a new position in shares of BARINGS BDC in the first quarter valued at approximately $96,000. Entropy Technologies LP acquired a new position in shares of BARINGS BDC in the second quarter valued at approximately $97,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of BARINGS BDC in the first quarter valued at approximately $106,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

About BARINGS BDC

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.